Osisko Gold Royalties Ltd Announces Quarterly Dividend of $0.06 (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR – Get Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Thursday, June 30th will be paid a dividend of 0.055 per share on Friday, July 15th. This represents a $0.22 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, June 29th.

Shares of OR opened at C$13.84 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 24.09. The company has a market capitalization of C$2.56 billion and a price-to-earnings ratio of -98.16. The stock has a 50 day moving average of C$16.72 and a 200 day moving average of C$15.80. Osisko Gold Royalties has a 12 month low of C$13.30 and a 12 month high of C$18.59.

Osisko Gold Royalties (TSE:OR – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.10). The company had revenue of C$50.67 million during the quarter. As a group, equities research analysts predict that Osisko Gold Royalties will post 0.56 earnings per share for the current year.

A number of brokerages recently commented on OR. Scotiabank increased their price target on Osisko Gold Royalties from C$22.50 to C$24.00 in a research report on Tuesday, April 19th. Eight Capital increased their price target on Osisko Gold Royalties from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. BMO Capital Markets decreased their price target on Osisko Gold Royalties from C$19.00 to C$18.00 in a research report on Monday, April 18th. TD Securities increased their price objective on Osisko Gold Royalties from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. Finally, Canaccord Genuity Group increased their price objective on Osisko Gold Royalties from C$25.00 to C$26.00 in a report on Friday, April 22nd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$22.59.

About Osisko Gold Royalties (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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